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Oil price hits two-year high

LONDON — The price of oil struck a two-year peak above 98 dollars per barrel here on Wednesday as a trans-Alaskan pipeline, which carries 12 percent of US production, remained shut following a leak.

Oil prices drop ahead of US data

World oil prices eased Tuesday as traders awaited the US government’s monthly assessment for the global energy market, and the focus turned away from supply worries in Alaska, analysts said. New York’s main contract,

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